Endogenous growth theory

Introduction In many developing countries, such as India, China, Thailand, and Vietnam, notable economic growth has been achieved over the last few decades. However, the growth is accompanied by huge increases in inequality, which is a threat to further economic growth and can also lead to serious social problems. As a result, many developing countries are seeking ways to fight against economic inequality —— progressive taxation is imposed on the rich and financial aid is provided to the poor,…

These conditions have provided them a competitive advantage in industries such as manufacturing, which allow them to mount the first rungs on the ladder of development. The establishment of factories within these nations spurs export-driven economic growth, initially, but as income rises, these nations begin to develop middle classes. Brazil, Russia, India, China, and South Africa, commonly known as the “BRICS”, largely epitomize this cursory explanation of development. As emerging market…

The objective of this activity was to use the knowledge that we obtained throughout the semester, with the goal to correctly identify two unknown bacteria. Organism number thirteen is Escherichia coli. On the first day, I conducted a gram stain and noticed that the bacteria were pink, meaning that the bacteria are gram negative. I also recognized that the bacteria were rod shaped therefore they were bacillus. I also noticed that the arrangement appeared to be single celled. I also put the…

Yingru Ouyang Econ 324 Prof. Lopez Dec.10. 2016 Female Asian Immigrants’ in the U.S. Labor Market Introduction After 1980, the number of immigrants increase dramatically. In 1980, the size of immigrants are 14.1 millions which takes 6.2% of US population. In 2015, the U.S. immigrant population is more than 42.4 million, or 13.3 percent, of the total U.S. population. Simultaneously, the migration from Asia to the United States rose from 5% share of population in 1960 to 30% in 2014. This is…

larger scale. It may be true that some level of inequality does not harm nations, as it can provide people with incentives to become better by improving their skills. However, this phenomenon is out of control and puts the country into a stagnating growth phase which generates instability and social disparity. Inequality can be measured in various ways, but the simplest one is to compare what people at the top 1% earn vs. what people in the typical middle class earn. The newest trends define the…

Exercise Physiology It has long been thought that strenuous or prolonged exercise can affect the human’s endocrine system. This is an interesting scenario because endocrine system synthase performs as a negative feedback system. This means that when there is an unusually high level of a hormone in the blood, a signal will be sent back and production of that particular hormone will be stopped. The negative feedback system can easily keep all hormones levels at the optimal level for humans.…

The impact of the embargo greatly affected the Britain and the deficits heavily got monitored. The US was also concerned as it took the time to adjust its production so as to establish progressiveness in the state 's growth and development. The trade volumes in the Britain decreased rapidly after the imposition of the ban by the US government. It was so as the importation was high that it used to export resulting in disequilibrium in the balance of trade. The condition…

wholly-owned subsidiary of Weins Group in Japan. The company got its start in 1956 with its first dealership network, called Yokohama Toyopet. The company’s founder, Kanji Miyahara Sr., saw an opportunity to diversify and, potentially, to add exponential growth in profit to his company by opening a Toyota franchise in Canada. So, in 1973, and working closely with Toyota Canada, Don Valley North Toyota began operations. Needless to say, Weins Group has profited enormously due to this…

To understand the origins of Bolsa Familia, one must situate it in the history which development has taken place. Brazil is a former colony that gained independence from the Portuguese in 1822 after three hundred years of colonial rule. Compared to parts of Asia and Africa, Brazil was decolonised very early, reflecting a wider trend of early decolonization in Latin America. Yet, despite their newfound sovereignty, the political leadership in Brazil remained highly disorganised and Brazil did not…

The anthropologist Jared Diamond uses the theory of geographic determinism to answer why some societies are more materially successful than others, in his book. According to him geographical causes are mainly responsible for societal development and responsible for different human civilizations developed in different ways. He provides evidence and reasoning that geography, immunity to germs, food production, the domestication of animals, and use of steel are main drivers for societal success.…